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Contact Property Investor App

Property Investor App

Posting for 3+ years

0190277XXXX

Tyne and Wear - 7 Bedroom Public House with Approved Planning Permissions - Click for more info

Jarrow, Tyne and Wear

£250,000.00

Property Investor App

Posting for 3+ years

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Contact Property Investor App

0190277XXXX


propertyinvestorsapp.co.uk

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Posted
2 hours ago
Seller Type
Agency
Property Type
House
Number Of Bedrooms
7

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

SUBJECT TO PLANNING OPPORTUNITY

7 Bedroom Public House with Approved Planning Permissions - Some are live and others lapsed

Jarrow, Tyne and Wear, NE32 3DR

Purchase Price = £250,000

Finder’s Fee = £5,000 + Vat

Current Gross Income = £1,273 pcm = £15,276 per annum

Potential Gross Income = £1,833 pcm = £21,996 per annum

For a limited time only, we have managed to secure a 7 bedroom detached public house with multiple planning permissions in Jarrow, Tyne and Wear.

The owner has agreed to any potential purchaser to accommodate a subject to planning offer. This means, that a purchaser could come and apply for planning permission during the purchase process and completion will take place only once planning has been granted.

The property consists of:

Downstairs

Pub in need of refurbishment that consists of:

Bar area
Gents and ladies toilets
Cellar
Garage
This pub can hold up to 100 people. Currently closed because of Covid 19 restrictions.

When operating, this pub was achieving £100,000 gross income per year.

It has a planning permission to be turned into 3 disabled flats.

Upstairs

2 Bedroom flat with en-suite, lounge, and kitchen with diner.
5 bedrooms with wash basins
2 loft rooms
In total, there are 3 double bedrooms and 4 single rooms.
2 bathrooms
Planning Permissions

The owner has looked at various options nad has applied for multiple planning applications. These include :

Turn downstairs pub into 3 disabled flats - This application has recently been submitted with no objections and is looking favourably to be approved within the next 2 months
Turn upstairs into self contained flats - There is no application for this scheme, however the building / floor plan could lend itself to multiple self contained flats
Demolish current house and build 5 x 4 bed dwellings - Originally granted in January 2010 and has now lapsed - this could very easily be renewed by submitting a new application using the existing drawings
The property sits on quite a large plot and could potentially be demolished and rebuilt as a block of apartments

From our research, 4 bedroom houses could achieve up to £200,000+ each.

Dimensions

Downstairs

Bar Area = 162 square metres
Gents toilets = 9.36 square metres
Ladies toilets = 12 square metres
Back Lobby = 7.34 square metres
Cellar = 67 square metres
Upstairs

Room 1 = 10 square metres
Room 2 = 13.7 square metres
Room 3 = 10 square metres
Room 4 = 17 square metres
Room 5 = 13.7 square metres
Communal bathroom = 5.48 square metres
Shower = 2.34 square metres
2 x toilets = 2 square metres
Managers Flat

Kitchen = 17.64 square metres
Lounge = 18.79 square metres
Bathroom = 3.83 square metres
Bedroom = 21.77 square metres
Entrance Porch = 2.46 square metres
Landing = 16 square metres
Garage = 16 square metres
Storage room = 4.85 square metres

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1413743677


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